Jefferies Financial Group restated their hold rating on shares of Diageo (LON:DGE – Free Report) in a research report report published on Thursday, Marketbeat reports. The brokerage currently has a GBX 2,900 ($36.10) price target on the stock.
Several other research firms have also commented on DGE. Barclays lowered their price target on shares of Diageo from GBX 3,730 ($46.43) to GBX 3,550 ($44.19) and set an overweight rating for the company in a research report on Wednesday, January 31st. JPMorgan Chase & Co. restated a neutral rating on shares of Diageo in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of GBX 3,040 ($37.84).
Check Out Our Latest Report on Diageo
Diageo Stock Up 0.5 %
Diageo Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, February 29th were given a $0.41 dividend. The ex-dividend date was Thursday, February 29th. This represents a yield of 1.12%. Diageo’s dividend payout ratio is presently 5,436.24%.
Insider Activity at Diageo
In other Diageo news, insider Karen Blackett purchased 702 shares of the business’s stock in a transaction on Monday, April 8th. The stock was bought at an average cost of GBX 2,826 ($35.18) per share, with a total value of £19,838.52 ($24,696.28). In other Diageo news, insider Javier Ferrán purchased 290 shares of the business’s stock in a transaction on Monday, March 11th. The stock was bought at an average cost of GBX 2,853 ($35.52) per share, with a total value of £8,273.70 ($10,299.64). Also, insider Karen Blackett purchased 702 shares of the business’s stock in a transaction on Monday, April 8th. The stock was acquired at an average cost of GBX 2,826 ($35.18) per share, with a total value of £19,838.52 ($24,696.28). Insiders purchased 1,002 shares of company stock worth $2,839,892 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.
About Diageo
Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.
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